FHM(300613)2022-12-03 10:30Group 1: Company Overview - The company is Shanghai Fuhan Microelectronics Co., Ltd., with stock code 300613 [1] - The meeting took place on September 2, 2019, in the company conference room [3] Group 2: Business Performance - The company anticipates steady growth in the security industry for the second half of the year, based on positive customer feedback [3] - In the network camera chip market, sales exceeded 10 million units in 2017, with continued growth in 2018 and the first half of 2019, where it accounted for nearly 50% of revenue [3] - Revenue from automotive electronics increased by 92.25% year-on-year in the first half of 2019, including products like in-car monitoring and 360-degree surround view systems [3][4] Group 3: Research and Development - R&D expenses increased by 42.65% year-on-year, focusing on building a skilled workforce and developing a more comprehensive product line [4] - The company is advancing its product line from 720P to 1080P and now to 4K, enhancing video clarity and developing more intelligent features for various applications [4] Group 4: Market Challenges - The company has maintained stable shipment volumes despite upstream capacity constraints, with no current impact on production [4] - The competitive landscape in the network camera market is intense, leading to relatively low product gross margins [3]